AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY
Summary
Allows RI to opt out of the provisions of DIDMCA exempting out of state lenders from interest rate limits which apply to RI lenders. Prevents evasion of statutory interest rate limits and lending rules for loans made in RI.
Bill status
died
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 12, 2025
Last action Apr 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Apr 24, 2025
Committee
04/24/2025 Committee recommended measure be held for further study
legislature
Mar 12, 2025
Introduced
03/12/2025 Introduced, referred to House Corporations
lower
7 primary · 0 co-sponsors
Sponsors
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